Security Documents definition
Examples of Security Documents in a sentence
The provisions of the Security Documents are effective to create in favor of the Collateral Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Liens permitted by Section 6.02) on all right, title and interest of the respective Obligors in the Collateral described therein to secure the Secured Obligations, except for any failure that would not constitute an Event of Default under Section 7.01(p).
Except as disclosed in Part B of Schedule IV, each of the Borrower and such other Obligors owns, free and clear of all Liens (other than Permitted Liens or Liens created pursuant to the Security Documents), all such Investments.
The Collateral Agent hereby consents, pursuant to Section 9.02(c) of the Existing Credit Agreement, to the spreading of the Liens granted under the Security Documents to secure such additional obligations resulting from the increase in the aggregate Commitments as a result of this Amendment and as set forth in Schedule I of the Credit Agreement as amended and restated hereby.
The obligations hereunder are secured by the terms and provisions of the Security Documents.
All Security Documents and deliverables related thereto that have been delivered to the Administrative Agent prior to the Seventh Amendment Date are deemed to be delivered to the Collateral Agent as of the Seventh Amendment Date.